XAUUSD (The precious metal) finds momentum
XAUUSD (The precious metal) market holds firm as traders look toward the next Fed decision, along with the NFP numbers.
- Investors continue to watch for further clues from Fed testimonies as to which way the next few months will go.
- Prices have jumped over $300 in value over the past couple of sessions.
- Gold could lose its shine once again if prices rebound towards 4240.
- 4400 as the next target higher.
USDCAD pressured as NFP numbers drop
The American Dollar licks its wounds against most of its competitors after job numbers fell into negative territory last Friday.
- As this week’s inflation data is expected to hold steady, the Fed will be looking at its options.
- The Central Bank will need to tread carefully as subdued retail sales could cause another sell-off.
- The pair is testing the floor towards 1.3900, with 1.4080 a fresh resistance.
NAS 100 marching towards a fresh peak
Earnings season is the gift that keeps on giving as the tech-heavy Nasdaq enjoys another bull run.
- The strength in chip stocks and AI is pushing technology prices higher.
- Indices across the board continue to push for new records.
- This week we could see a pullback as sentiment looks to shift.
- The index is hovering under 30000, with 28200 being a critical support.
